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July 10, 2026 - Deals
SambaNova Systems Secures $1 Billion In Series F Funding At $11 Billion Valuation
SambaNova Systems, a Palo Alto, California–based AI infrastructure company, has raised $1 billion in Series F funding at an $11 billion valuation. The round was led by General Atlantic and included participation from BlackRock, T. Rowe Price, Capital Group, Vista Equity Partners, Qatar Investment Authority, Intel Capital, Battery Ventures, Seligman, Cambium Capital, and Volantis. Founded by Rodrigo Liang, Kunle Olukotun, and Christopher Ré, SambaNova develops purpose-built AI inference infrastructure, with its RDU chips designed to improve inference throughput by working alongside GPUs. The company also announced that JPMorganChase will deploy its inference infrastructure for secure on-premises AI workloads, while Vista and Cambium committed $3.5 billion in compute through the VC2 data center. SambaNova’s fifth-generation SN50 platform is expected to ship in the second half of 2026.
FUN FACT: Vista Equity Partners and Cambium Capital have committed $3.5B in compute purchases to SambaNova through the VC2 data center — the first live deployment of the disaggregated architecture. Fifth-gen SN50 ships H2 2026; independent benchmarks verified ~2x throughput over GPU-only setups. JPMorganChase is deploying on-prem.
FOUNDERS: Rodrigo Liang, Kunle Olukotun & Christopher Ré
INVESTORS: General Atlantic, BlackRock (@BlackRock), T. Rowe Price (@T._Rowe_Price), Capital Group, Vista Equity Partners (@VistaEquityPartners), Qatar Investment Authority, Intel Capital (@Intel), Battery Ventures, Seligman, Cambium Capital & Volantis Capital Management
ROUND: Series F
AMOUNT: $1,000,000,000
VALUATION: $11,000,000,000
HQ: Palo Alto, California
#VentureCapital #SambaNovaSystems #TradedPartner #RodrigoLiang #KunleOlukotun #ChristopherRé #TradedVC
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Mercor In Talks To Raise $20 Billion Following Deeptune Acquisition And Revenue GrowthMercor, an AI training startup, is reportedly in early discussions to raise a new funding round at a $20 billion valuation. The potential valuation would double the company’s $10 billion valuation from October 2025, when it raised a $350 million Series C round. Founder and CEO Brendan Foody recently stated that Mercor’s annualized revenue run rate has surpassed $2 billion, representing 100% growth in just four months. The company also announced the acquisition of Deeptune, an AI agent training firm, with the entire Deeptune team joining Mercor. The strong revenue growth, acquisition activity, and prospective funding round suggest Mercor is continuing to expand despite challenges earlier this year, including a data breach and legal disputes involving contract workers.
FOUNDER: Brendan Foody
AMOUNT: $20,000,000,000
HQ: San Francisco, California
#VentureCapital #Mercor #BrendanFoody #TradedVC
Klinic Secures $24 Million In Seed And Series A Funding From Proofpoint Capital And I2BF Global VenturesKlinic, an AI-enabled specialty care access platform, has raised $24 million in combined seed and Series A funding to expand its provider network, enhance its AI-powered platform, and grow its life sciences partnerships. The round was co-led by Proofpoint Capital and I2BF Global Ventures, with representatives from both firms joining Klinic’s board. Founded and led by CEO Avish Bhama, Klinic helps patients navigate the often complex specialty care journey by using artificial intelligence and workflow automation to streamline provider matching, insurance verification, prior authorizations, patient communications, and pharmacy coordination. The company has already supported more than 150,000 patients and aims to make specialty care access faster, more connected, and more affordable.
FOUNDER: Avish Bhama
INVESTORS: Proofpoint Capital & I2BF Global Ventures
ROUND: Seed & Series A
AMOUNT: $24,000,000
HQ: Dallas, Texas
#VentureCapital #Klinic #AvishBhama #TradedVC